Tuesday 12 June 2012

Why Star News become ABP News ?

Star News have changed its name and becomes ABP News from 1st June. Everyone wants to know why star news has changed its name ?, therefore I am going to write about on ABP News.Ananda Bazar Patrika plans to promote its own brand and from now on popular Hindi news channel, Star News will be called ABP News; Bengali news channel, Star Ananda becomes ABP Ananda and Marathi news channel, Star Majha will be called ABP Majha. The three 24-hour news channels are owned by the Media Content and Communications (MCCS) – a joint venture between the Ananda Bazar Patrika Group and STAR India. STAR India and ABP, the principle shareholders, have agreed to discontinue the STAR brand affiliation with MCCS. Going forward, STAR wishes to focus on building itsbrand on its core business i.e.general entertainment. The core business of ABP is news and it wishes to promoteand establish its own brands in the broadcast news space through its subsidiary company – MCCS. MCCS has sustained its affiliation with the STAR brand for eight years and both have benefitted from this association. In these years the three newschannels have evolved into respected market leaders in their segment, which has helped MCCS become a strong company in the broadcast news space. It has quality resources in its employees and has built good equity among its stakeholders – loyal viewers’ base, clients, distributors and vendor partners MCCS, a joint venture between the Ananda Bazar Patrika Group and STAR IndiaPvt, had in April announced that STAR and ABP had decided to discontinue the brand agreement where STAR has lent the brand to MCCS.

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